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now. >> conservatives at cpac calling for tax cuts, but the president telling republicans, they can hike them or take a hike in budget cuts . senate democrats are on his side, pushing one trillion in new taxings. is this why 7 out of 10 bosses are not hiring. this is bums and bears we'll get right to it. the bums and bears, to bin and jonas and john back from his mountain climb and jamull green. >> democrats are still pushing tax hikings. is that why the companies are not hiring? >> absolutely. alm they -- all they have to do is look at history or the state nearby. on the state lemp, - level. the states that grow the most jobs are the ones without income tax. we have had this discussion many times. every time we cut taxes, the economy has grown whether on the left with president kennedy or left with reagan. the left said clinton raised taxes and what is often ignored, clinton cut the capitol gains tax and he cut spending as aercentage of gdp. the obama administration want to go the opposite way, if they do they will make fdr a libitarian. >> jamull is it good or bad for the economy?
now. >> gregg: how about basically he was saying look, half the people in america don't pay taxes, income taxes, they have no skin in the game. i mean, that was palblum for the audience. >> and one of the most interesting sections of the speech when he talked about the need for charity and how government, a big government often comes in and takes up the functions of the civil society in a way that's not healthy for the broader society. . >> gregg: all right. steven hayes thank you very very much. appreciate it. >> thanks, guys. >> gregg: my favorite line, economics is not brain surgery. >> heather: yes. >> gregg: of course, he's a neuro brain surgeon. >> heather: he was an exciting speaker, i must say. >> gregg: he wasn't using a teleprompter i don't think. it was amazing and the crowd seems to love dr. ben carson. all right, thanks for watching our coverage of the conservative political action conference. >> heather: and now to bulls and bears that starts right now. >> conservatives at cpac calling for tax cuts, but the president telling republicans, they can hike them or take a
taxes and pay cuts, instead what they did was they taxed bank deposits. they're calling it a tax. a lot of folks are calling it a seizure. here's what's significant. even small depositors below the insurance threshold are going to get hit. the original number for small depositors below 100,000 euros was 6.5%. they're working in parliament right now about shifting that and any other subsequent plan suggests that if you have insured money it will still get hit. what did we see over the week whend this announcement happened on yesterday? runs on the atms at the banks in cypress because they'd shut down the banks as a result of this. they stopped all wire transfers and you also if you tried to take money out they had partitioned out the amount of money that you were supposed to be giveing to the government each though there hasn't been a vote in parliament. why did cypress need a bailout? its banks are bust. the reason the banks in sicypru they bet the greek debt would not be restructured but it was. that's left a lot of them insolvent. the banks in cyprus are huge, eight times the size of
of dollars of emergency crash and creditors impose onetime tax of 3% on all bank deposits under $130,000. >> going deep here. >> the tax could be closer to 10% on people who have over $640,000 in the bank. that's according to the "the wall street journal" this morning. people stood in long lines over the weekend to withdraw money before the policy went into effect and now russian president vladimir putin is calling the move, quote, unfair, unprofessional and dangerous. russian citizens make up the majority of billions of euros held in cypress bank. this is important. >> cypress. >> who cares about cyprus? >> come on, cyprus. are you telling me if somebody sneezes in cyprus we get a cold than on the nasdaq? >> tell us why. >> we have a cold on the nasdaq. the nasdaq is going down today. not too many people care about cyprus but a way the europeans have screwed up the bailout by getting the people to pay a part of the cost. you could have a run on the bank and europeans say why do i have my money in this bank? might be a tax on me next. it shows that europe is still a mess, that they h
to include tax expenditures, a large part of our federal expenditures in the tax code. and the military also needs to be part of deficit reduction. we also need to do this in a select way. these across-the-board sequestration cuts are not how we as well govern. we should be specific as to which programs are priority programs and which programs can be cut. i think that's where we are trying to find common ground between the democrats and republicans. there are discussions taking place among my colleagues on both sides of the aisle to try to find that common area of agreement. >> shannon: we all as americans wish you the best. i want to give you a chance to respond to criticism from jeff sessions. he says the senate budget, proposed and voted on by the committee is full of gimmicks and raises taxes by $1 trillion and increases spending and has no plan and makes no claim to ever balance the budget? >> well, the democratic budget from the senate -- it has more deficit reduction than the simpson-bowles proposal that we all thought was the right framework, just 2 years ago, so i think it is seriou
what they've released with the budget so far, trillion dollars in new taxes and won't balance in the ten year window and may in fact never balance and also, even though there's a trillion dollars in tax increases, it's not going to fundamentally reform the mandatory programs, social security, medicare that are going bankrupt. so, you know, i'm waiting to see it. and we will have our chance to weigh in on it. we will have amendments to it, and certainly, we'll present our vision, which will be bringing us to balance in ten years like the house is going to do. >> greta: when you mention balance, president obama talked with george stephanopoulos, abc, my goal is not to chase a balanced budget for the sake of balance. >> i guess chasing a balanced budget for the sake of balance is not -- chase ago balanced budget because first of all, it makes sense, it's good for economic growth and getting jobs created in this country. if we continue to run the trillion dollar deficits each year, it hurts our economic growth, but also, i'm the mother of two children. what are we doing? what are
from tax reform. it also sets aside $100 billion in stimulus spending on infrastructu infrastructure. how does it tack up to the budget proposed yet by paul ryan? here is a side-by-side comparison. the savings are more than double those in murray's plan. how has the numbers wizard able to find so much more extra fat to trim from the federal budget? he is cutting to the bone. more than $700 billion would be caved out of medicaid and nearly a try won would be chopped from programs including food stamps and pell grants. the defense would see zero in cuts in an enter view that aired this morning -- >> we're not going to balance the budget in ten years, because if you look at what paul ryan does to balance the budget, it means that you have to voucherize medicare, you have to slash deeply into programs like medicaid. >> but even those cuts alone don't make paul ryan's numbers add up. it only achieves balance through a full repeat of obama care, which it's worth noting is already law of the land upheld by supreme court and being enacted in 27 states. this gimmickry represents a stunning th
if republicans agreed to new tax increases. we have heard this before. however, the white house put a positive smpin on the meeting calling it a good substantive exchange and called it a good conversation. the president admitted more with abc news there is more to be done. >> ultimately it may be that the differences are just too wide. if their position is we can't do any revenue or we can only do revenue if we gut medicare or gut social security or medicaid. if that is the position we probably will not be able to get a deal. >> if your piece up on politico read conflicting reports, some say it was more of the same from the president and others say it was a step in the right direction for him to come up to the hill and visit bus. anything come out of this meeting yesterday and the ones that will follow today and the rest of the week? >> i would just replay that clip over and over and over again and that tells you everything you need to know about the next year. the president wants tax increases and he does not want to do a bill with big changes in entitlement reforms. republicans don't want ta
. we go to war, we don't pay. we do big pharma, we don't pay. tax cuts, we don't figure what it's going to do to the economy, but you, you might have to pay for it. there is one senator prepared to filibuster to protect social security, medicare and medicaid. senator bernie sanders will join me in a moment, but president obama, he went to capitol hill today for a closed door meeting with the democrats. senate budget chairwoman patty murray, she revealed a plan with new revenue and spending cuts. nearly $1 trillion over the next ten years. president obama will meet with both parties on capitol hill. meanwhile, chairman paul ryan unveiled his budget plan and listen to how ryan describes republican priorities. >> the most important question isn't how we balance the budget, but why. a budget is a means to an end. an end is the well being of the american people. >> the most important question is how we balance the budget and making sure it's not on the backs of working americans. congressman ryan also made an unfortunate slip. >> this to us is something we're not going to give up on because
could maul your paycheck. why democrats could jump at more tax hikes. tech kyes awaiting the next big product from samsung, the hype over the new galaxy s4 that's proof apple needs to watch its s. ♪ dad, i'd put that down. ah. 4g, huh? verizon 4g lte. 700 megahertz spectrum, end-to-end, pu lte bui. the most consistt speeds indoors or out. and, obviously, astonishing throughput. obviously... you know how fast our home wifi is? yeah. this is basically just asast. oh. and verizon's got more fast lte coverage than all other networks combined. it's better. yes. oh, why didn't you just say that? huh-- what is he doing? neil: a new pope, a new record high. curious? the dow hit an all time high, 7th straight day, longest streak in 26 years. markets up, retail sales up, all of this despite taxes going up, and, today, democratic senator, patty murray announced a budget to ramp tax revenue even more up. would more tax hikes see all the good numbers crash down? let's ask. what do you think? >> well, yes, as will spending cuts. i hope the u.k. austerity britain since 2010, tried to reduce the de
maul your paycheck. why democrats could jump at more tax hikes. tech kyes awaiting the next big product from samsung, the hype over the new galaxy s4 that's proof apple needs to watch its proof apple needs to watch its s. the capital one cash rewards card gives you 1% cash back on all purchases plus a 50% annual bonus. and everyone wants... ♪ 50% more doo wop ♪ 50% more buckarooooooooos ♪ 50% more yeeeaaahhhh!!!! ♪ 5 more yeah yeah [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase, plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. ♪ 50% more boog ♪ what's in your wallet? cashhhhh!!! ♪ what's in your wallet? at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery we do whatever it takes to make your business our business. od. helping the world keep promises. il: a new pope, a new record high. curious? the dow hit an all time high, 7th straight day, longest streak in 26 years. markets up, retail sales up, all of this despit
's good to refresh our memories on costly wars, big tax cuts, medicare part d. that was a six-hour vote and there were republicans chasing people around the walls of the house of representatives trying to get that last vote and of course, the crisis on wall street. by the way, as you know, they've regained all the money they lost on the principles of president obama. i know he has a heart of caring. we've got to restate this principle and you are right. it's our commitment. we're not letting go of medicare, medicaid and social security. medicaid is a premise of the affordable care act. >> even if it puts you at odds with the president? >> i'm an optimist and i truly believe the president has a real good heart and he's still willing to listen. we're against the changed cpi. but we're keeping the doors open. we want to hear what the president has to say and i always believe that he has an open mind and an open heart. but it's up to many of us. to keep the fight going. >> we are going to find out. no question about it. thanks for your time tonight. i appreciate it. >> thanks. >> and that i
of this rescue are much different than the other ones. their bank deposits will be taxed. if you have over 100,000 euros in the bank 9.9 percent levy. less than, 6 and three quarters percent. many nervous people tapped out the atm. a lot of russians have money in cyprus. it is up for a parliamentary vote this afternoon. it can be changed and amended to penalize the smaller for less. the good news is markets in cyprus are closed today for holiday. futures are reacting very negative. >> that's scary the government. nabbing your money like that. people at the office notice younger people can be i am mature. >> appearance punkality and honesty all matter in the workplace. a survey of 400 human resources say a third of the highers aren't professional. 40 percent say they lack work ethic. 52 percent new hires have this heir of entitlement. might be they are more confident. they might have been coddleed by their parents. in this tight job market there's a lot of ways you can turn your passion into your job. many of the candidates might be saying i am too good for this job. >> they need the job to mak
, workers who don't earn enough to pay taxes even. and so there was a lot of anger that got generated. and i think it also generated a lot of motivation. i know that our people got more mobilized as a result of that video. and i'm sure that others did. and i think that what scott did, and i think his strategy was flawless. i think what he did with no prompting by anybody but him thinking it through, he wanted those that couldn't afford the $50,000 dinner to be able to see the real mitt romney. and the others that got scott upset is that mitt romney was talking about himself being a job creator and then he saw what mitt romney was doing in china buying these factories at bain capital. and he saw that as a complete sort of contradiction of what mitt romney was trying to portray. i think in the sense that mitt romney helped the obama machinery show what romney really was about, i think it was if not a game changer darn near a game changer and i think america owes scott a big debt of thanks. >> well, he is a hero in my opinion and a lot of americans on social media are saying the same thing. it
. the sequencing done right on this cut spending cuts and tax reform. things sound great and they're moving along now. but joe, as we talked about earlier, you're going to have reticent democrats. and even key congressional races who are going to slow down a bit and saying, look, i want immigration and guns dealt with, what are we doing about the economy and the budget, the debt, and tax reform? >> and this is, richard haas, you can only push people so far, i mean, not the republicans' best friend. this weekend said democrats you're about to lose me. i pay 40% federal, 15%. well, i hear we have it cued up. let's go. this is bill maher this weekend. >> -- actually do pay the freight in this country. i just saw the statistics, something like 70%. and here in california, i'm just going to say, liberals, you could actually lose me. it's outrageous what we're paying. over -- i'm willing to pay my share, but yeah, it's ridiculous. >> and not only that -- >> wow. >> people like bill maher pay 55% in california, people in new york pay over 50%. in new jersey, why is a republican sitting at 70% plus appro
's earth why a republican want the interest of of protecting him or herself to vote on taxes? why? because they make more voters angry by cutting medicare. they get means tested? give me a break. so this odd republican will raise taxes and make his somewhat better off voters pay more for healthcare? no way. so we really don't have to even get to the democrats, liberals, progressive but for the sake of candor here, why, again, on this god's earth would a good democrat want to have his or her name on vote to either cut or means test medicare so that they could then go and raise taxes? i just don't get why people keep talking about a deal. that no politician out there worried about his or her reelection or renomination would ever want to make. watch. it will take a few weeks, maybe a month or two on the truth on what i'm saying will shine through. and the sequester won't seem so bad after all. and that's "hardball" for now. thanks for being with us. "the ed show" with ed schultz starts now. >> good evening americans. welcome to "the ed show" from new york. tonight, for the first time anywhere
given pedestrian a save place to walk. >> our taxes go to that to make it look nice and we brag about it. >> the bta spokes woman said no additional tax mayer money will be used. in san jose, alex savage, ktvu channel 2 news. >>> california officials announced a new partnership with the federal government to bring two large solar projects to california. governor jerry brown held a press conference with interior secretary ken salazar. the projects are in riverside county. they'll help california reach itself goal to get a third of its energy from renewable sources from 20/20. >>> one south bay teenager is taking home more from her washington trip. >>> and it feels like an early spring out there with some places in the 80s today. our chief meteorologist, bill martin will let us know about the temperatures. >> you can still watch ktvu newscast. get the app or go to ktvu.com. well, well, well. growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad was recording
almost $1 trillion in new tax revenue. closing loopholes on the big corporations, in many cases don't even pay taxes. republicans are already blasting the plan. they support congressman paul ryan's budget proposal which seeks to balance a budget without any new taxes, only spending cuts. it also calls for repealing president obama's healthcare overhaul, something that democrats say, well, frankly, it can't happen. mike emanuel with the news live on capitol hill tonight. it was the democrat's turn. what did they say. >> the white house put out a statement concrete plan boost the economy and reduce deficits. today the chairman of the senate budget committee made her pitch. >> our budget reflects the pro-growth, pro-middle class agenda that the american people went to the polls of in support of in the last election. and i believe it is is a strong and responsible vision for building a foundation for growth and restoring the promise of american opportunity. >> though senator murray and white house like it not clear how senate democrats up for re-election 2014 will feel about voting on a
to walk. >> our taxes go to that. make it look nice, and we brag about how pretty it looks. now we can walk down the sidewalk. >> reporter: the vta spokesperson told me today, no additional taxpayer money will have to be spent for repairs. she's confident the agency will be able to recoup the cost through insurance, and forcing drivers who caused damage to pay up. ktvu, channel 2 news. >>> a search for a missing oakland woman has now been called off. 31-year-old erica maskkaleres's cell phone places her at the golden gate bridge at about the same time a person jumped from the span. they have not recovered a body. >>> state lawmakers are now considering a bill that would allow students at public universities to use credit from online institutions. if approved it would be the first in the country to address impacted campuses. supporters say the bill is needed so that california's public universities can immediate the demand for basic required courses. it also calls for a panel that would approve the content of those online courses. >>> a 15-year-old girl is taking home a $20,000 scholars
in the bank will be taxed on them. under $130,000 it's a 6.75%, over $130,000 a 9% tax. and of course this is going to hit ordinary depositors, moms and pops, poor businesses, anybody who's got a bank account in cyprus is going to have to pay this tax. and it changes a fundamental principle of all bailouts so far. it is hitting the small people, the private investor, the private depositor. >> look at the other countries that have been bailed out. greece as a prime example where wages and retirement was slashed by more than these people are going to pay, which is a -- >> no, no, no. no, michael, it's not -- in cyprus case it's not an either or all, it's going to be a both. not only are they going to face this tax to help make up a shortfall, they're also going to have spending cuts and the government cutbacks, they're also going to have the recession that follows on as they try and make the economy back on track. this was done because some european countries believed to be the fins and germans and other northern european countries wanted to make sure they were not seen as bailing out r
. after cypress rejects the tax on bank deposits, at its high, get this, the dow up more than 62 points today before making a 132-point swing to the downside. there's the dow. right now, down 24 points, a lot can happen in the last hour. a lot has happened during this session today. taking a look at the s&p. the s&p is moving further away from that record closing high, trying to get there, can't get there. the dow and s&p at this point on track of the first three day losing streak of 20 # 13 of the year. 1544 and 1565.15. we want to see on the s&p. two companies weigh on the s&p today. e lek tropic arts whose ceo stepped down after lowering guidance for the upcoming quarter, and cliff natural resources after goldman's lower iron ore outlook hurts, both big performers in 2012, both stocks down substantially right now. we got data today, more data, on housing, and the housing recovery is moving forward as construction picks up. the good news coming out today, helping to lift markets, at least earlier op in the day, so a lot of information to digest during this trading day. look at the bui
-fifth of our income in taxes to the federal government each year. but the federal government has spent a lot more. so our budget matches spending with income. >> again, mitt romney is to speak this hour. his first since losing the presidential race. we'll go there live as he starts talking. but first let's bring in our brianna keilar who is at the conference in maryland. so, brianna, this is romney's first speech. highly anticipated. >> reporter: highly anticipated his first major speech, fredricka, since his loss in november. we saw him give an interview recently to fox news channel. but as you can imagine it's very different i think sitting down one-on-one with someone versus being here in an auditorium of so many people, literally could be thousands of people watching him here in national harbor, maryland. we're told by a source familiar with what he's going to say that his comments will be personal and that they will be forward looking. obviously his campaign -- he and his campaign weathered a whole lot of criticism for the loss in november. so it will be really interesting to see how he
i'm listening but we've got to begin this talk by raising taxes. and then they got into some policy. >>alisyn: let's hear more about exactly what was said in these meetings. >> one of my favorite moments was when one of my colleagues said mr. president, it is not all that helpful to have you publicly questioning our motives, publicly accusing us of wanting to eviscerate medicaid, for example, simply because we want to call for reform or block grants. >> and his answer was? >> i don't speak nearly as badly about you as some of you do about me. >> who asked that? >> it was jon [inaudible] i thought he did a great job in answering the question. he was deferential in the way he did it. the point needed to be make. the president's response was unsatisfactory. it overlooked the fact that most of the time we criticize him but we generally don't question his motives. we don't question whether or not he generally cares about the american people. that is a problem. that is a difference. >>steve: you can tell the vicious attacks over the last couple of years really hurt. okay, he's up here now
's approach is attractive to people who are not paying taxes. my discussion to lower taxes is not appealing to them. i'm not going to draw them into my campaign like those in the middle. >> mr. romney, at that point wants you to put out the full tape. what is your response to that? >> let's do it. i was on the phone with david at the time. i asked him to blur out everyone else in the room. i only wanted romney to be seen. i really only wanted romney's voice to be heard, too. in a way, i felt it wasn't fair to the people in the room. i only wanted his voice, but he came out and did this press conference. frankly, my reaction, it looks like he's a broken man. that was my impression. his hair was a mess. his face contorted. he's as stressed as you can be. he doubled down on it. he said it's a message i'm going to continue to take forward. he didn't back up from it at all. then he did. he specifically asked that i release the whole thing, called it a snippet insinuating it was taken out of context. so, at that point, if he asked for it, i decided i would give it to him and said david, go for it
reforming our tax code to produce savings and apply both of those savings to reducing our deficit. if we do it that way, if we do it in a balanced way that asks the well-off and well-connected to pay a little bit, to contribute a little bit to deficit reduction, not just seniors and middle class then we don't have to put all of the burden on seniors and the middle class while giving a massive, massive tax cut yet again to the wealthiest folks. the president felt very good about his meetings. he a great session with senate republicans yesterday and you saw numerous quotes i think from senate republicans that reflected the fact that it was a good meeting and a constructive meeting and there really is the potential for common ground. but the differences are large and they remain large do get back to your point, when it comes to deficit reduction, it may be that the gab is too wide to reach a deal. the president hopes that's not the case, but we'll see, it's certainly worth having this engagement to try to find common ground. >> why did it take so long? i know you're going to say he's met with
,000 in the bank entirely to those under 100,000 and to keep the tax at 9.9% for those above 100,000 euros in their accounts. if it doesn't sound much different from the original plan, it's not. it basically exempts those with less than 20,000. on the back of that, we did see markets weak. elsewhere, there has been a weakening, but realively contained one. the ftse mib in italy is down 0.3%. the xetra dax is down by 0.5%. france is weaker. the ftse, as well, down about 0.25%. not too far off the levels we've seen this morning. german economic sentiment did come in roughly in line with expectations, so that helps to keep the bid in the euro, as well. here is the different between spain and italy. italy's ten-year selling off a bit. yield up to 4.66%. spain rallying. it did go to market with three nine-month yields this morning. still below 5%. i mentioned what was happening with the euro. let's take a look now as it continues to go through the different pieces of economic data we're getting this morning. it's still down about 0.11%. yesterday, it was actually stronger. so markets generally
. it calls for raising taxes on everyone earning more than $250,000 a year. spends a trillion dollars on public works projects over ten years. >> right. >> you say it will create 7 million jobs by next year. it does not, however, balance the budget. that's something also that the president has talked about. won't this be dead on arrival in the republican house? where do you see this document fitting into the debate? >> first of all, let me say the ryan budget is dead on arrival. so our budget stands, i think, it's better than his does. at least we're doing what the american people want which is to put people back to work. chris, i'm looking for the day where we can evaluate a budget based on whether it puts americans back to work. we don't need to balance the budget in ten years. we need to make steady progress toward reducing the ratio of gdp to deficit. that's what we need to do. what we really need to do and the crisis we actually have is a jobs crisis. we need to put our infrastructure in good repair, which we don't have now and we need public employees like teachers, firefighters
would cut spending by nearly five-trillion dollars over a decade without raising taxes. the democrats' plan is aimed at reducing the deficit by about a trillion dollars over ten years by using spending cuts and tax increases. the president will release his own proposal next month. >> catherine: this was the first full day on the job for pope francis. catholics hope it marks the beginning of a turnaround after years of scandal. erin mclaughlin has the latest from rome. >> reporter: as part of his new day on the job he celebrated mass with the cardinals who voted for him. >> i think you and the prayers that will kill us of this race. >> reporter: a quiet contrast from the thunderous confirmation. >> the word francis, the choice has a lot to do with his internal desire to church the level of beginnings. >> we are learning about the new process of election. >> you gradually began to sense a movement and you pray and talk a lot to others. there is a gradual movement that i found that generated a lot of joy and serenity. >> he was the arch bishop of blindness august, argentina. >> i think t
they have to in whatever way, shape or form they must to protect their loop holes in the tax code, to protect tax rates. they will do whatever they have to in order to preserve their special interest. so the president has an obligation it reach out to grass roots and to reach out to as many people as we can to participate in our battle for right priorities for the middle class and retiries in this country. >> we have to leave it there. congressman steve israel, thanks for being with us today. >> thanks, andrea. >>> what stories will make the 24 next on "andrea mitchell reports." ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or more. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, f
at a plant in illinois. why some believe it's just one way to tax energy producers, when i see you next. live in washington, kyla campbell, ktvu channel 2 news. >>> 7:15. president obama is coming back here to the bay area next month. the white house says the president will travel to northern california on april 3rd and 4th for fund-raisers for democratic congressional candidates. events are scheduled in san francisco and silicon valley. the president will campaign to try to get fellow democrats to gain control in the house in the 2014 mid-term election. >>> there's a new report that reveals that state furloughs designed to save california money won't save as much as we first thought. the furloughs were intended to save between $5 billion between 2009 and july of year. many state employees are taking less vacation days because of those mandated furloughs. budget advisoriers for the legislature calculate will still save more money in the long run. however, the state will pay $1 billion more than they originally planned to those workers retiring or quitting for vacation time that was never used
at a plant in illinois. why some believe it's just one way to tax energy producers, when i see you next. live in washington, kyla campbell, ktvu channel 2 news. >>> 7:15. president obama is coming back here to the bay area next month. the white house says the president will travel to northern california on april 3rd and 4th for fund-raisers for democratic congressional candidates. events are scheduled in san francisco and silicon valley. the president will campaign to try to get fellow democrats to gain control in the house in the 2014 mid-term election. >>> there's a new report that reveals that state furloughs designed to save california money won't save as much as we first thought. the furloughs were intended to save between $5 billion between 2009 and july of year. many state employees are taking less vacation days because of those mandated furloughs. budget advisoriers for the legislature calculate will still save more money in the long run. however, the state will pay $1 billion more than they originally planned to those workers retiring or qui
and arranging our tax system so that we have economic growth. >> the democrats budget plan would net $1 trillion from cutting tax loopholes. republicans propose overhauling medicare, rolling back healthcare reform and making other cuts. >>> the defense department released the names of five u.s. service members killed when their helicopter went down in afghanistan last monday during a rainstorm. the dead were identified as staff sergeant steven blast of iowa chief officer henderson and captain sarah nut son of maryland. all of them were 27. also killed were 31-year-old staff sergeant mark sealdo of map m the, florida and zackery shannon of florida. the military says there was no enemy activity in the area at the time of the crash. >>> the fear is different. >> ten years since the beginning of the war. how people in that country say life changed. >> and a spectacular sight overseas. the volume can in this case blast that sent lava flying nearly 10,000 feet. >>> and madonna once again making a statement, a comment she made in support of the gay and lesbian community. if yo, then you'r
to the bottom line, the president believes that we have to have more taxes from the american people. we're not going to get very far. as the president doesn't believe that the rule will be to balance the budget over the next ten years, i'm not sure we're going to get very far. >> reporter: not every republican agrees with the speaker. senator coker said that he and others are open to lifting tax loopholes as part of the deal. >>> president obama will visit israel this week his first presidential trip to the country. police in jerusalem were getting ready for their trip calling it the most important visit since 2009. some 15,000 personnel are being deployed. >>> graffiti in the west bank has already defaced posters of mr. obama but so far the subject matter is light. the protests are over a lack of mobile wireless in the region. >>> gop fundraiser carl rowe fired back at sarah palin that candidates should go back home and run for office. >> i don't think i'm a balding fat guy. if i did run for office and win i would serve out my term i would not leave office midterm. >> reporter: rowe wa
. he never met a tax cut he didn't like. we used to argue about all his tax cuts. but he had in his heart and soul a deep hatred of ray schism. nobody had any doubts about where he stood. he would have called an audible right in that room. all right, you're not going to remember lincoln. that's a long time ago. think back to somebody like jack kemp who combined conservativism with a real sort of concern about justice and equality. >> what does it say, benji, jack kemp, that's not that long ago. we're nostalgic, until even a bush -- what happened that they're so far right that the republican party has no sense of what the mainstream is concerned about? >> this is one of those problems when you don't have a clear leader. when there was president bush, he never got credit from liberals at the time, but he was keeping a lid on this stuff. bush was a believer in a lot of kemp. his passion in addition to conservativism was derived from kemp. without that, first there were no leaders and you just had the tea party movement rising up and and then a lot of these leaders are in the conservati
including providing services like police, fire and set up. also that santa clara wave a hotel tax for 350 rooms for nfl teams and staff, eliminate an nfl ticket surcharge, as well as an offsight parking permit fee. the city is requiring the bid committee to cover those costs. its goal is to raise $25 to $30 million. >> that is going to be the challenge of the host committee is torrets the funds necessary. >> we're first. we're not behind others. we'll be first to get paid. we'll make sure our costs are covered. >> reporter: some questioned why a multibillion business needs these types of incentives. >> i find what's being proposed somewhat appalling. essentially we're bike the nfl to come here. >> the stadium boosters have managed to admit that the deal benefits the san francisco 49ers, but not the city of santa clara. >> reporter: santa clara's competition did not approve the financial incentives requested by the nfl. >>> more details now, the bay area could see revenue similar to new orleans in this year's super bowl. that was about $185 million. league owners are expected to vote on wh
's the thing. they were ready to tax everyone. i don't care if you would ten euro zone in the bank or a million euros in the bank, they were going to hit you with this tax. obviously that scares the heck out of people. >>alisyn: luckily it was shot down, that plan, because it was so controversial. how did europe react to all of this? >> it's interesting because i don't think the europeans were ready for this to happen. they hatched the plan over last weekend, the i.m.f., e.c.b. and the european union and i think they thought they had the votes. this puts them in a precarious position. the finance minister is in russia. russia gave them a bailout last year, low-interest bailout, almost three billion euros. a lot of this money belongs to russian businesses. but a lot of it legitimate businesses too. the bottom line is i don't know if that was supposed to make it politically correct to go in and steal money from everyone, including regular citizens. >>brian: the russians look like the compassionate ones. it's not fair to the people of cyprus to do this. they say that private gas company offered to
,009 returns. >> irs said if you want to get money back. now is the time to do it. 2,009 tax returns must be submitted by april 15th or lotherwise the money is handed over to the u.s. treasury. >>> they plan to protest tomorrow morning. american postal workers and union are upset about budget cuts. they announce they plan to stop delivering mail on saturdays to save $2 billion a year. >> it will cut back on hours and shifts for thousands of workers. >> they plan to demonstrate in front of the masconi center west. and patrick done my will smoke at a forum. >>> the musicians have been on a strike since wednesday after failing to reach a contract with management. later today. they will announce this schedule which will begin wednesday. >> anyone who has take the for a canceled show can get a refund. >>> he will not fight a ticket for detail gating. chp pulled over sheriff's scott jones back on march 9th. jones said he was on his way to pick up tickets to a department funds raiser. >> the sheriff disagree was the tailgating ticket and adds, it was his first ticket in nearly 25 years. >> high-
so, the government is not going to take 10% of my taxed money out of my savings account. i'm going to go to the bank and withdraw my money. the cypriotic equivalent of uncle sam, can't do that to me so they shut down the banks. so what happened today? >> the vote on whether or not the cypriot government is going to be able to reach into a private bank and take some of that money, the vote is in absolute chaos, megyn. about an hour ago, the ruling party said it would abstain from taking part in this vote. then it issued a call to delay the vote for one day. then the finance minister of cyprus resigned, but his resignation has not yet been accepted. in other words, this is a chaotic situation and the bailout of the whole country at this moment is in limbo, but to get back to your main point, megyn, you're absolutely right. we've reached an international financial principle here. in the past, if you lent money to a bank or a country that was going sour, you, the lender, lost money. this time around, it's a new principle. if you have money in a bank account in that country, you will lo
to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> can $10 million make a bunch of stuffy old men less stuffy? less old? less male? it's monday, march 18th and this is "now." >>> joining me today here in washington, d.c., former white house press secretary, and msnbc contributor, robert gibbs, national political reporter at the "washington post," malika henderson, bbc world news anchor, catty kay and "washington post" columnist and msnbc political analyst, the inimitab ablable eugene robinso. >>> four months after the gop's loss at the election, the results are in, cause of death, massive full-body trauma. >> our message was weak, our ground game was insufficient. we weren't inclusive. we were behind in both data and dig
that the perception is that the republican party today fights for the wealthy with tax breaks for the wealthy, for corporations, loopholes, and doesn't really understand the average hard-working american anymore and that's what we've got to get back to. >> i was struck by that piece of it because it seems it's not a hypothetical or divorced from the facts assessment. during the primary campaign where your count rick santorum did well against mitt romney, at one point where they got the most traction against mitt romney was talking about those economic angles about the way mitt romney has behaved in corporate america, the vulture capitalism. it wasn't endorsed uniformly by all of mr. romney's competitors in the primary but it did seem to work. and then there was just a vociferous backlash among the republican establishment that you wouldn't talk that way about success. how do you think that plays out? >> it looked like we were attacking capitalism, and i don't think that was the intent. but i do think this, all over this this country, people will wake at 3:00 in the morning, tossing and turnin
he came home, shep. >> shepard: nearm "cyprus tax money on people's bank accounts. all of this could still be hurting your 401(k). all the details coming up. plus it is the fattest state in this nation. and it just signed a law to protect sugary drinks from regulations. the so-called anti-bloomberg law as we approach the bottom of the hour and the top of the news as fox reports live tonight. t under sized then this will be a nice surprise. meet the 5-passenger ford c-max hybrid. c-max come. c-max go. c-max give a ride to everyone it knows. c max has more passenger volume than competitor prius v and we haven't even mentioned... c-max also gets better mpg. say hi to the super fuel efficient ford c-max hybrid. even in stupid loud places. to prove it, we set up our call center right here... [ chirp ] all good? [ chirp ] getty up. call me! seriously, this is really happening! [ cellphone rings ] hello? it's a giant helicopter ma'am. [ male announcer ] get it done [ chirp ] with the ultraugged kyocera torque, only from sprint direct connect. buy one get four free for your business. when he
. higher taxes and an improving economy are expected to hold the deficit below one- trillion dollars for the first time since president obama took office. >> reporter: police say they're searching an upstate new york village after exchanging fire with a man suspected of killing four people and wounding two others. state police superintendent joseph d'amico says swat teams and other officers were fired on from an abandoned building in herkimer early wednesday afternoon while looking for 64-year-old kurt myers. police say myers' rampage started with a fire in his apartment in the nearby village of mohawk at about 9:30 a.m. wednesday. they say he then used a shotgun shot to shoot four people, two fatally, at a barbershop around the corner before killing two more at a herkimer oil change and car wash business. >> catherine: a new york grand jury indicted a man today.for a hit and run accident that killed a couple and their unborn child in brooklyn. police say julio acevedo had been speeding. he surrendered to police in pennsylvania last week and was indicted on a charge of leaving an acc
. yesterday, senate democrats unveiled their budget plan calling for increases in both spending and taxes. the republican budget plan focuses on cutting spending. president obama will release his budget ideas early next month. >>> and now we're finding out how various government agencies are implementing those automatic sequester spending cuts that took effect march 1st. the interior department, for instance, will cut visiting hours at all 3998 national parks and -- 398 national parks and they are not hiring thousands of seasonal workers. the agricultural department is cutting travel spending. that will mean 2100 food safety inspections and the transportation department will start furloughing air traffic controllers next month. that is expected to cause flight delays. >>> 7:16. you may not know this but your banking information is already available to the fbi. as ktvu's kyla campbell reports from our washington, d.c. newsroom, the obama administration is now making a push for all spy agencies to have the same access. >> reporter: there's a report out from "reuters" and it says there is a
to the california teachers association the main reason. voters passed prop 30. that permanently raises income taxes on the wealthy while temporarily increasing the sales tax by a quarter of a penny. this is supposed to bring in 6-billion dollars in school and university funding. quickly i want to show you where some pink slips are going out to teachers in the bay area. san francisco unified will cut 185 jobs. that is 142 certified staff positions. and 43 teacher aids. oakland unified will cut 65 administrators. and 11 probationary, non tenured teachers. alum rock is giving out 87 notices in total. 78 of those are to teachers. antioch is cutting 13 teachers. redwood city. 8 certified positions maybe eliminated. this includes school nurses and counselors. not all the teachers who got pink slips will lose their jobs. typically, most of the pink slips are rescinded. once the district's understand how much money they will have. >> catherine: this 20 year- old matthew abraham has been found he vanished. he seemed disoriented but he has been found in the state of utah he was traveling with a companion tha
legislators received $30,000 in tax free per diem payments. the governor made less than 6 others around the country. he earned $173,000. the governor of pennsylvania was the highst paid in the nation earning just over $183,000. >>> authorities in contra costa county identified a victim of a fiery accident on the freeway. he was a 31-year-old from walnut creek he died yesterday, north of danville after his motorcycle hit a car. he was involved in a race with several other cars including a nissan 380z that hit the embankment and burst into flames the driver was hospitalized with serious injuries. >>> the man shot and killed at a richmond bart station last thursday has been identified. 34-year-old raymond harris of san pablo. police found him on the station stairs of 19th street and mcdonald avenue. witnesses heard a number of shots at this point no one has been arrested. >>> fans of lululemon swear by the shaping benefits of the yoga pants but some may be showing off more than they intend to. they have stopped shipment of some of their pants deemed too sheer. a fabric problem. any purchas
responsible is of course, you had the bush tax cuts. then right after, you had the attacks on september 11th and you had the war on afghanistan, which i supported and almost all of the members of congress did, because those were the people that attacked us. but then, you had the war in iraq and both afghanistan and iraq were fought as quote emergencies, which means they weren't included in the annual deficits. so, now, when they're talking about a budget that cuts student loan programs for gi members, people coming back from iraq and afghanistan now they're not getting their student loans. because this was all fought off budget. i think that's political malpractice on the part of the republican party. they should have budgeted for this. >> well, from a congressional physician of the soul like diana degette, thank you so much. now to dr. james peterson, msnbc analyst and director of africana st studies. professor, millions oppose the war, but as you know, and i'm sure you remember, their voices were significantly marginalized. give us a sense of how that happened. >> there's a lot of context
announced the results of its own self-autopsy. the chairman convened a tax force on why they lost so badly. if you want to bowl down what they found, it's this. they need to stop alienating and insulting everybody not in the party already. then you can have an outreach program in place to persuade people not in the party to join the party. the party will fund a program to minorities to the tune of $10 million and the republicans are stressing that whole effort can't be for show. quote, if we want voters to support minoritieminorities, we seem like we mean it. kind of see the line of thought there, right? for the republicans? they don't want to change their policies on anything, but they want to seem nicer. they want to seem more welcoming. just as the party is acknowledging missteps in talking about women, things like the whole legitimate rape, the party has to be a little shy about how it has behaved in public about latinos. and republican newt gingrich responded by calling her a racist. rush limbaugh said it was like nominating a clams man for the court. said that the judge just isn't ve
in both spending and taxes. the republican budget plan focuses on cutting spending. president obama will release his budget ideas early next month. >>> and now we're finding out how various government agencies are implementing those automatic sequester spending cuts that took effect march 1st. the interior department, for instance, will cut visiting hours at all 3998 national parks and -- 398 national parks and they are not hiring thousands of seasonal workers. the agricultural department is cutting travel spending. that will mean 2100 food safety inspections and the transportation department will start furloughing air traffic controllers next month. that is expected to cause flight delays. >>> 7:16. you may not know this but your banking information is already available to the fbi. as ktvu's kyla campbell reports from our washington, d.c. newsroom, the obama administration is now making a push for all spy agencies to have the same access. >> reporter: there's a report out from "reuters" and it says there is a treasury department document stating
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